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Economic Development 2017/2018

faculty body

Objectives

After completing the course the student should be able to ... - Understand and apply the concepts of economic growth and development; - Capturing the theoretical framework of the phenomena of growth and economic development; - Understand the implications of the New economy on economic activity and public policy.

Recommended Prerequisites

Microeconomics, Macroeconomics, Microeconomic Analysis of Markets and Public Economy.

Teaching Metodology

Theoretical and practical, according to the following methodology:- Presentation of the main models and its evolution, with demonstrations and empirical applications;- Development of practical exercises through the use of international databases (UNDP);- Discussions about the central themes of the course, deepening its analysis through the use of the studied models and empirical data.

Body of Work

Part I: Introduction to economic development 1. Conceptual framework and analysis 2. Developing economies: general characterization 3. Instruments of analysis and representation Part II: Economic growth and development: Theoretical representation and evaluation 1. Historical conceptions 2. Structuralistic conceptions 3. Theories of economic growth 4. Economic growth accounting and factsPart III: The economics of innovation: theoretical and institutional framework1. Invention, innovation and diffusion2. The microeconomic effects of innovation3. The interaction between producers and users of innovation4. Innovations and market failures5. Incentives for invention and innovation6. The competition through innovation

Demonstration of the syllabus coherence with the curricular unit's objectives

The study of Part I program will allow the student to achieve the goal ( 1) that constitutes the correct application of the concepts of economic growth and development , either in the conceptual plan or as regards the use of suitable indicators.Part II of the program aims to give students the theoretical approach to growth and economic development - objective (2) - , having particular regard to the debates and current main research lines in these areas.Finally , in Part III , and by studying the main ' drivers ' of growth , we intend to understand and deepen the main implications of the designated ' New Economy ' in terms of economic activity and the formalization of public policy.

Demonstration of the teaching methodologies coherence with the curricular unit's objectives

It is understood that the pursuit of defined objectives, taking into account the nature of the contents, admits the use of direct and indirect teaching methods, necessarily comprising the exposure of the standard models, but also integrating the exploitation of databases and the promotion of the debate among students about the core issues of the discipline. In this context, students are properly qualified to understand and interpret the scope of public policies and the development of economic activity in a long-term environment.